Corporate Governance

Japan ‘Most Under-Owned Stock Market on the Planet’

Veteran market guru David Rosenberg advises savvy investors to look on the other side of the world for today’s best investment opportunity. “The one part of the world which looks very good to me right now, a great turnaround story that’s under-owned, is Japan. The Nikkei is breaking out,” Gluskin Sheff’s chief economist and strategist told CNBC. “Japan is probably the most under-owned stock market on the planet from a global portfolio manager perspective,” the economist added. “I think even…

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Why SEC must not give in to mischief makers – Financial Analyst (Opinion)

Editor’s note: In this piece, James Ume, a financial analyst based in Abuja writes on various occurrences at the Securities and Exchange Commission (SEC). He also highlights the allegations against the director general of the commission and the efforts by mischief makers in dolling out wrong information to the general public. Constructive criticisms are sometimes necessary for the smooth running of organisations. They help to keep the executives on their toes and call their attention to mistakes as they occur.…

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Compass Minerals : Reports Year-Over-Year Earnings Growth for the Third Quarter

10/30/2017 | 09:33pm CET Third-Quarter Highlights: Total company revenue up 62 percent year-over-year Consolidated operating earnings up 61 percent from prior year Net earnings per diluted share totaled $0.94; excluding special items, net earnings per diluted share were $0.65 Full-year earnings per share guidance unchanged at $2.50 to $2.80 Compass Minerals (NYSE: CMP) reported significant year-over-year revenue and earnings growth driven primarily by the acquisition of Produquímica Indústria e Comércio S.A. (Produquímica), which now…

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Perrigo – Base Plus Plus Strategy Is A Plus – Perrigo Company (NASDAQ:PRGO)

Investment Thesis Perrigo (NASDAQ:PRGO) is a global leader in over-the-counter (OTC) drugs. Its main OTC segments are store-brand and brand-name, with store-brand concentrated in the U.S. and brand-name concentrated in Europe. Perrigo has 70% market share in store-brand OTC. Beyond OTC, Perrigo operates in numerous other segments, such as prescription generics. However, we consider OTC to be its core business area. Recent mismanagement resulting from misaligned incentives has caused investors to undervalue Perrigo’s otherwise strong core assets. The two most…

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South Korea’s Lotte Corp soars in debut, investors look ahead to more restructuring

SEOUL (Reuters) – Shares in Lotte Corp (004990.KS), the new holding firm for South Korea’s No. 5 conglomerate, soared almost 50 percent above their issue price in their debut, as investors welcomed the group’s streamlined ownership structure and bet on more restructuring. FILE PHOTO: Lotte Group chairman Shin Dong-bin speaks during a news conference in Seoul, South Korea, October 25, 2016. REUTERS/Kim Hong-Ji The debut comes at a difficult time for the conglomerate, which has been hit by political tensions…

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Statement by Oasis on the Pending Alps Takeover Offer for Alpine Electronics

Oct 30, 2017 HONG KONG, Oct 30, 2017 (JCN Newswire via COMTEX) — Alpine minority shareholders are not getting a fair deal. More information available at www.protectalpine.com. Oasis Management Company Ltd. (“Oasis”) is the largest minority shareholder of Alpine Electronics Inc. (6816 JP) (“Alpine” or the “Company”) owning 9.24% of the company. On July 27, 2017, Alps Electric Co. Ltd (6770 JP) (“Alps”) announced its intention to acquire the 59.57% shares of Alpine that they do not own by January…

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Sundance Resources : Corporate Governance Statement

PO Box 497, West Perth WA 6872 Australia T: +61 8 9220 2300 E: [email protected] ABN 19 055 719 394 CORPORATE GOVERNANCE STATEMENT CORPORATE GOVERNANCE PRINCIPLES AND RECOMMENDATIONS In determining what those standards should involve, Sundance Resources Limited (Sundance) has considered the 3rd Edition of ASX Corporate Governance Principles and Recommendations (ASX Guidelines). In light of the reduced size of its Board, Sundance advises that its corporate governance policies and procedures are, in the most part, consistent with those of…

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Sebi panel suggests independent regulator needed for auditors

The new norms proposed by the Securities and Exchange Board of India’s (Sebi) corporate governance panel for auditors has strengthened the case for the establishment of an independent auditor as mooted by the government. The Parliamentary Standing Committee on Finance had in 2012 specified the need for a quasi-regulatory body for supervising audit quality. This would in the form of a National Financial Reporting Authority (NFRA) provided for in Section 132 of the Companies Act,…

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Chiyangwa mum on Fifa funding

The world football governing body (Fifa) says it has given the Philip Chiyangwa-led executive close to $2 million for administration, pitch development, women and grassroots support — but the women’s league is in tatters due to lack of funding.BY XOLISANI NCUBE The disclosure by Fifa comes at a time the women’s league is in disarray due to lack of funding and organisational challenges that have resulted in women football clubs boycotting games demanding for money and change of the executive.…

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Ikeja Hotels assures on dividends

By Yinka Ajayi Following more than five years of unpaid dividends to shareholders of Ikeja Hotels, owners of Sheraton Hotels, Lagos, Eniola Netufo, Chief Operating Officer of the hotels, has assured that the dividends would be paid. Speaking at the 40th Annual General Meeting of the hotels, Netufo said: “With the new Board of Directors headed by Chief Anthony Idigbe, SAN, we intend to employ strategy of good corporate governance. By doing this, we will take our leadership position in…

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Kenya’s Convoluted Democracy

Democracy in Africa has been a turbulent, convoluted and volatile experiment since gaining independence from colonial administration by former colonies. Most of the countries including Nigeria were not ready with skilled administrators at independence, while the constitution foisted on them were similar to the colonial administrators whether or not they served the peculiar needs of the nations. The legitimacy and integrity of a government derives from the legitimacy of the election that produced it. Whether or not an election is…

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Grupo Financiero Santander’s (BSMX) CEO Héctor Grisi on Q3 2017 Results – Earnings Call Transcript

Grupo Financiero Santander S.A.B. de C.V. (NYSE:BSMX) Q3 2017 Results Conference Call October 26, 2017 01:00 PM ET Executives Héctor Chávez – Investor Relations Héctor Grisi – Executive President and CEO Didier Mena – CFO Rodrigo Brand – Executive General Director of Public Affairs Fernando Mujica – General Legal Director Analysts Carlos Macedo – Goldman Sachs Jason Mollin – Scotiabank Carlos Rivera – Citi Tito Labarta – Deutsche Bank Jorge Kuri – Morgan Stanley Ernesto Gabilondo – Bank of America…

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Duke Realty : Board of Directors Adopts Proxy Access and a Board Diversity Policy

(GlobeNewswire) – Duke Realty Corporation (NYSE:DRE), the largest pure-play, domestic only, industrial REIT (Real Estate Investment Trust), today announced that its Board of Directors has amended and restated its bylaws to implement proxy access and has adopted a Board Diversity Policy. Proxy access allows long-term shareholders to have their own director nominees included in a companys proxy materials. The purpose of the Board Diversity Policy is to advance the companys goal of having a diverse and inclusive Board with directors…

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Gwarzo And The Chicken Chasers

October 28 13:43 2017 Print This Article By James Ume Constructive criticisms are sometimes necessary for the smooth running of organisations. They help to keep the executives on their toes and call their attention to mistakes as they occur. Criticisms can also become pernicious and debilitating when they are made in bad faith. They are worse when they are based on false information and outright lies. Mr. Mounir Haliru Gwarzo since he was appointed the Director-General (D-G) of the Securities…

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